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It’s a monthly thing
What’s the real price of an American Airlines award mile? The cheapest we’ve seen them is roughly 1.7 cents. That is a fantastic deal. This new “sale”, to start off the new year, isn’t terrible, but it’s not entirely a great deal. At 2.1 cents it provides a decent value proposition for those who are short on points, but if you don’t have an immediate use of the miles, I’d wait and see what comes around in the next few months.
The 50k bonus kicks in at 100k miles purchased – ringing in at 2.1 cents
When should you buy miles?
Here are 3 times when buying miles can make absolute sense
- Shoring up your account for a flight/flights
- Awards are available and you buy miles cheaper than you could purchase the ticket
- Using points for an upgrade, but lack the miles
When shouldn’t you buy miles
- You have no clear use of the miles and it’s a purely speculative purchase
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
Capital One lit the premium card market on fire when it dropped this card. It quickly was added to our wallet for the following reason!
♥ Earn 100k Bonus Points after $10k Spend in 6 months
♥$300 Annual Travel credit within Capital One Travel Portal
♥2x on every single purchase without limit
♥10x on hotels and car rentals purchased via Capital One Travel
♥5x on airfare purchased within Capital One Travel
♥Erase any travel purchase off your card at a penny a piece with Capital One Travel Eraser
- Access to the Capital One lounge network
- Priority Pass access ( including restaurants for you and two guests ) Authorized Users have access as well
♥ 10k Anniversary Miles every year you keep the card – worth $100 in Capital One Travel or transferred to partners
♥$395 Annual Fee
If you spend more than $400 a year on travel, you’ll quickly offset the annual fee with the $300 travel credit and 10k anniversary bonus. The rest is gravy. And you can add up to 4 Authorized Users fee free!